Diamond Resorts International, Inc. is a vacation ownership company based in Las Vegas, Nevada and owned by Apollo Global Management LLC. It was founded in 1997 as Vacation Break USA, Inc., and changed its name to Diamond Resorts International in 2006. The company owns or operates more than 300 resorts throughout the continental United States, Hawaii, Canada, Mexico and Europe offering vacation experiences to over 330,000 members through their points-based membership program.
They specialize in leisure hospitality services such as destination club management; marketing of vacation ownership interests; property acquisition & development; golf course operations; resort management services and sales & finance operations.
Diamond Resorts International is a leading global hospitality company that owns, operates and manages over 370 vacation ownership resorts in more than 30 countries around the world. Established in 1966, Diamond Resorts has grown to become one of the largest vacation ownership companies in the industry with millions of members and guests enjoying its properties worldwide. The company is privately held and owned by funds managed by Apollo Global Management, Inc., Oaktree Capital Group, LLC and Centerbridge Partners LP.
With a strong commitment to service excellence, innovation, integrity and community giving, Diamond Resorts provides unforgettable vacations for its members each year.
Undercover Boss – Diamond Resorts: Take 2 S4 EP4 (U.S. TV Series)
Hilton Diamond Resorts Locations
Hilton Diamond Resorts offer an impressive array of vacation destinations around the world. From vibrant cities to tropical beaches, you can choose from resorts located in the Caribbean, Mexico, South America, Europe and more. Whether you’re looking for a luxurious getaway or an outdoor adventure, Hilton Diamond Resorts has something for everyone.
With locations as diverse as Hawaii and Cancun, you’re sure to find the perfect spot for your next unforgettable trip.
Who Bought Diamond Resorts?
Diamond Resorts is a global hospitality company that offers vacation ownership, rental and exchange services to over 360,000 members worldwide. It was founded in 1997 as Vacationbreak USA by Stephen J. Cloobeck and since then has grown into one of the world’s leading vacation ownership companies. In 2015 Diamond Resorts International (DRI) was acquired from Apollo Global Management LLC for $1.8 billion by a consortium led by an affiliate of Fortress Investment Group LLC and China-based Anbang Insurance Group Co., Ltd.
The acquisition of DRI positioned Anbang as one of the leaders in the timeshare industry with more than 200 resorts across 11 countries, providing leisure travelers with access to some of the most desirable destinations around the globe. With this acquisition, they are also able to offer their customers unique experiences such as golfing at one of their award-winning courses or enjoying luxurious spa treatments while on holiday or just relaxing at a beachfront resort property.
Is Diamond Resorts Now Owned by Hilton?
No, Diamond Resorts is not currently owned by Hilton. The two companies have a close relationship, however. In 2019, the two announced an agreement to create a loyalty program that allows members of each company’s loyalty programs to access benefits from both companies when they stay at any resort within either brands’ portfolio of properties.
This partnership offers Diamond Resort owners and guests access to exclusive offers such as discounts on stays at participating Hilton hotels worldwide and special upgrades or amenities when booking rooms through the Diamond Resorts website. It also allows Hilton Honors members to earn double points for their stays at select Diamond Resorts locations in North America and Europe. While this alliance greatly enhances the guest experience for travelers who are loyal customers of both companies, it does not mean that one owns the other.
How Many Owners Does Diamond Resorts Have?
Diamond Resorts is one of the world’s leading hospitality and vacation ownership companies, with more than 370 vacation destinations around the globe. The company has hundreds of thousands of members who enjoy a variety of benefits, including access to exclusive discounts and offers on travel experiences. But who owns Diamond Resorts?
As it turns out, there are currently two owners: Apollo Global Management LLC and Ares Management Corporation. Together, these two companies own over 75% of Diamond Resorts International’s common stock. Apollo Global Management is an American private equity firm that was founded in 1990 by Leon Black and his partners at Drexel Burnham Lambert; they focus primarily on leveraged buyouts—acquiring majority stakes in public or private companies through debt financing.
Ares Management Corporation is another investment management firm based in Los Angeles; they manage assets for institutional clients such as pension funds, endowment funds, foundations, trusts, corporations and governments worldwide. So while Diamond Resorts may have many different stakeholders involved in its operations (such as franchisees), its largest owners remain Apollo Global Management LLC and Ares Management Corporation.
Why Did Diamond Resorts Get Bought Out?
Diamond Resorts, a hospitality and vacation ownership company based in Las Vegas, Nevada, was recently bought out by Apollo Global Management. The sale came after Diamond Resorts announced its intention to become a private company late last year. This move was driven by the desire of Diamond Resort’s leadership to focus on long-term value creation for their customers and stakeholders.
With the acquisition of Diamond Resorts, Apollo Global Management is looking to create an industry leader that can capitalize on the growth opportunities available in the travel and leisure space worldwide. Additionally, Apollo will benefit from access to Diamond’s expansive portfolio of resort properties across North America and Europe as well as its established customer base. For these reasons, it made sense for both parties involved for this deal to take place; allowing them both to benefit from each other’s strengths while also creating greater economies of scale through consolidation within the sector.
Conclusion
In conclusion, it is clear that Diamond Resorts International has a long and varied history of ownership. From its early days as part of the Marriott family to its current status as an independent company owned by Apollo Global Management, Diamond Resorts continues to be one of the top vacation rewards companies in the world. With a commitment to providing quality customer service and unique travel experiences, Diamond Resorts provides customers with valuable memories that will last a lifetime.